IBM is having a tough time on the market on Tuesday after reporting its sixteenth straight quarter of losses.
The business technology giant has seen its revenue shrink continuously since the second quarter of 2012. Under CEO Ginni Rometty, IBM has been attempting to reposition itself as a leader in cutting edge technologies including data analytics and cloud computing through a series of high-profile acquisitions, including most recently The Weather Company and Truven Health.
But investors and analysts are concerned that IBM’s billion-dollar investments are not paying off, at least not as fast as they would like.
Here’s a roundup of what some analysts are saying after IBM’s recent earnings report.
From Mark Moskowitz, an equity analyst at Barclay’s:
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From Deutsche Bank Securities:
From Toni Sacconaghi, Jr., a senior research analyst at Bernstein:
From Sweta Killa, an analyst at Zacks Investment Research:
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From Scott Kessler, an equity analyst at S&P Global Market Intelligence:
Katy L. Huberty, Morgan Stanley managing director:
UBS analyst, Steven Milunovich:
“We give IBM credit for changing the narrative … still the transformation is in the third inning.”